Deflation Is Defined as a Situation in Which

question 95

Multiple Choice

Deflation is defined as a situation in which

• A) the rate of inflation is below 2 percent.
• B) the average of all prices of goods and services in an economy is falling.
• C) the value of the dollar is rising relative to other currencies.
• D) the Gross Domestic Product's growth rate is less for a given quarter than it was for the prior quarter.